Value of a dollar · 2002
Value of a Dollar in 2002
$1 in 2002 had the same buying power as $1.74 in 2024. Prices rose 74% over those 22 years, an average of 2.56% a year.
- $100 from 2002 $174 in 2024 dollars
- Prices since +74% 1.74× the 2002 level
- Average inflation 2.56% a year, 2002–2024
- $100 in 2024 $57.34 in 2002 dollars
2002 dollars in 2024 money
| In 2002 | Worth in 2024 |
|---|---|
| $1 | $1.74 |
| $10 | $17.44 |
| $100 | $174 |
| $1,000 | $1,744 |
| $10,000 | $17,440 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 2002 kept pace
The amount needed in each later year to buy what $100 bought in 2002:
Prices have not yet doubled since 2002. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 2002
The federal minimum wage was $5.15 an hour in 2002. In 2024 dollars that is about $8.98, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 19% less in 2024 than it did in 2002. See today’s rates on minimum wage by state.
Borrowing in 2002
A 30-year fixed mortgage averaged 6.54% in 2002, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 2002 — FAQ
How much is $1 from 2002 worth today?
$1 in 2002 buys about as much as $1.74 did in 2024, the latest full year of Consumer Price Index data. $100 from 2002 equals about $174.
How much have prices gone up since 2002?
Consumer prices rose about 74% from 2002 to 2024, so things cost about 1.74 times as much. That works out to an average of 2.56% a year.
What would $100 in 2024 have been worth in 2002?
$100 in 2024 had the buying power of about $57.34 in 2002.
Based on annual average Consumer Price Index levels. 2024 is the latest full year in the data, so “today” on this page means 2024 dollars.
Data: World Bank, World Development Indicators, via APIVerve. Our tables, charts and text are licensed CC BY-NC 4.0: share and adapt them for non-commercial use as long as you credit us. For commercial use or bulk data, use the APIVerve API. See the data terms. Cite as: Digest Your Finances, “Value of a Dollar by Year”, https://digestyourfinances.com/studies/value-of-a-dollar/2002/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
